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8616 2nd Ave
Detroit, MI 48202
Multifamily Property For Sale
·
31 Units
Investment Highlights
- Exceptional Redevelopment Opportunity: 8616 Second Ave & 158 Pingree offers significant upside through thoughtful repositioning
- A recently installed boiler system provides a strong foundation for efficient building operations
- Strategically Located in a High-Growth Corridor: Situated just off Woodward Avenue and minutes from Midtown, New Center, and Downtown
- Multifamily Expansion & Value-Add Potential: The existing layout and building footprint support expansion into larger multifamily units
- Flexible Adaptive Reuse Potential: The property is well-suited for a variety of alternative residential and hospitality uses
- Investor and Developer Alignment: Ideal for developers, value-add investors, or specialized operators seeking to create a signature asset
Executive Summary
Exceptional Redevelopment Opportunity: 8616 Second Ave & 158 Pingree offers significant upside through thoughtful repositioning, allowing investors to transform the structure into a high-performing residential or specialty-use asset aligned with growing demand.
Property Facts
| Price Per Unit | $17,487 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| No. Units | 31 | Building Size | 9,337 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B4 | ||
| Price Per Unit | $17,487 CAD |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,337 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | B4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
Property Taxes
| Parcel Number | 02-0012989 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $446,304 CAD |
Property Taxes
Parcel Number
02-0012989
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$446,304 CAD
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